Page 174 - eco_eng

The most relevant assumptions used in the measurement are as follows:

2006 Plan 2007 Plan 2008 Plan 2009 Plan 2010 Plan

Strike 17.49 19.74 7.13 5.21 7.00 Yield on the share (dividend yield)

6% 6% 10% 5% 5.5%

Volatility 22.5% 22.5% 27.5% 30% 50%

The services received from employees in exchange for the share options granted are charged to the separate income statement at fair value calculated on the date granted, An expense of EUR 1,290 thousand was recognised for share options in 2010 (2009: EUR 987 thousand) (Note 23.2).

These share-based payment schemes in 2010 are shown in the following table (in any case, the granting conditions approved by the Board of Directors have been met):

No. of options Strike Price

Assignment date

From To

Options granted 1,733,150 17,49 2006 26/07/09 25/07/11

Plans outstanding at 31 December 2006

1,733,150 17,49 2006 26/07/09 25/07/11

Options granted 1,153,650 19,74 2007 25/07/10 24/07/12

Options granted (105,500) 17,49 2006

(18,000) 20,82 2007

Plans outstanding at 31 December 2007

2,763,300

Options granted 590,325 7,13 2008 30/07/11 29/07/13

Options granted (111,500) 17,49 2006

(57,000) 19,74 2007

Plans outstanding at 31 December 2008

3,185,125

Options granted 319,163 5,21 2009 29/07/12 28/07/14

Options granted (36,000) 17,49 2006

(36,000) 19,74 2007

(18,000) 7,13 2008

Plans outstanding at 31 December 2009

3,414,288

Options granted 1,297,650 7,00 2010 28/07/13 27/07/15

Plans outstanding at 31 December 2010

4,711,938

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Gestevisión Telecinco, S.A. AND SUBSIDIARIES